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How many here sold, and following the drop down, plan on buying again once it starts going back up?
Because some folks make money when it goes up, and turn right around and make money by bringing it down. We are in the making money by bringing it down phase right now.
Does that help?
Last quarter, the CPA excuse was used, but after the nt 10q was filed. No one knew the excuse was the CPA before hand. This quarter, JB can not go to the well twice, so the change in CPA firm is filed ten days before the the 10-q is required to be filed, or another nt 10q follows. The theory being, it would be reasonable for another nt 10q being filed, with the up front knowledge of the changed in CPA firms just before the filing deadline.
Same dodge, just letting us know now instead of later that the the late 10q is because of the CPA. JB's learning how to play the deflection game, but most here would appreciate him just sticking to getting whatever deal he has in the works, finalized.
Hey Don, when I saw this news, the first thing I thought of was another late 10-q. The reason this quarter will be late is a new CPA firm has just come on board and needs time to be caught up to speed. This change in firms could of been done a month ago, but that would not allow for the plausible explanation for the late 10-q.
Wonder if JB is as focused on this deal of his that we have been hearing about for months now, as he is on covering his ass when another nt 10q gets filed in ten days.
It did seem apparent that those dropping this would not get it much below the .011-.012 range. Anyone wanting something lower probably did not get filled.
Sometimes it makes you wonder if the charts are controlling the action/trading, or just reflective of how the stock trades.
It looks to be more of a case of dictating the trading.
Just noticed it on the OTCmarkets site, under company info.
Having to deal with sig. failures to deliver once again. Shorts can't even abide by the rules. Wonder how many "extra" shares there are out there?
Wordy's good. I could of separated what you wrote into about ten short paragraphs, some one sentence long. Makes for much easier reading
But I like what you wrote. (see what I just did there?)
Yea, put about 500k bid just below the ask, and watch the ask and pps go up.
Kind of like when someone wants the pps to go down, they put up a large ask at or even slightly below the current pps. The pps is going down.
NavyMike, the only comment I would make, when I opened your post, paragraphs are your friends.
Makes it much easier to read what someone has to say.
I appreciate those posters that have posted those prs here. You can get whatever information you need right here, whether it is from ihub itself, or from posters, when ihub is slow on the updates.
I have always considered a P & D as, news broke, the pps rises, and the company sells shares into that rising action.
For news to break and the pps goes down off the bat, that may be a new fangled version of the P & D, but it is probably safe to bet that it is not.
Most likely someone is trying to round up as many shares, as cheap as they can, with the help of those that sell for whatever reason.
Are you implying mischief may be afoot?
There were folks that kept waiting for the .05 range when up this started climbing again. Now folks are waiting for the .10-.12 range.
I wonder if history will repeat itself and leave those waiting for .10-.12 behind like it did to those .05 people? Looks like we might not have to wait that long to find out.
I actually got most of the way out on Monday. I still have 25k shares here. I feel like those represent my attachment to my hope for this company that has never materialized.
I like the Hotel .California metaphor. Personally, I've left the theater, but put a gnome with a video camera in its hat, in my seat. My gnome will inform me on if there is any activity. Should of done this months ago.
Not really waking up, but maybe waking up to fact that this area is as low as they can take it and big bids indicate covering attempts. If they have stopped with the large asks as such low prices, that would be another signal this take down might be coming to an end.
That is the worst. The best thing that can, and has happened to me on occasion, is to sell a stock that is going nowhere and put that money into a stock that is. I just unloaded 50k here on Monday at .0125, and put that money into another stock that is up 20% since Monday.
Being up or down isn't the issue, investing in stocks that have revenue, active, and a future are what's important.
Based on what I have seen first hand here for 1&1/2 years, this stock does not meet any of those criteria. Inertia, is not a investment strategy. I finally figure that out. I've left the theater.
Good luck, actually hope JB comes through here.
So if another nt-10q gets posted in 15 days, maybe the CFO should be fired for poor job performance.
We only got back about 50% of what was lost in the final minutes of trading on Tuesday. Better than a continued drop, but getting back to .06+ is where this belongs, and would be, if not for that 13% drop at the end of trading on Tuesday.
I see a plus day but still a red day from where it was on 2:50 pm CST on Tuesday. The solace is those that wanted to continue to see it drop were as disappointed as well.
Any bets on another nt-10q?
Should of waited. You could of gotten someone 4's shares. Another bid sitter will get those.
But if that seller is part of wanting the pps to go down, then how dumb are they actually? I'd say mission accomplished for one day. If they can drop it below .05 tomorrow, then I'd say they are pretty smart.
So closing, with your help, at .0545 is something we should rejoice in?
Wait till tomorrow, when someone like you, wants to buy at .05, and sits on the bid all day, and gets filled. Then the day after tomorrow, someone wants .045, sits all day and gets filled.
How will your .055's look then?
If there are enough bid sitters, they can drive the pps down, but it can keep going down with a whole new batch of bid sitters. The supply of bid sitters actually never ends. We could easily go back down to the low .04's just with bid sitters plying their trade.
I guess that's ok, but totally unnecessary.
Sometimes, we can't always get what we want, but we do get what we need.
Why would a long want to drive the price lower by sitting on a bid all day?
A couple of weeks ago, it was in the .02's. Now it is in the .05's. Another couple of weeks it will be in the .08's.
I'm sure those that weighed that decision when it was in the .10 range had the same concern. Likewise, those weighing that decision now, when it is it in the .30 range in a while, have a decision to make at this point and time.
Too late into the game is all relative.
Sometimes, being piggy about it can backfire.
what could possibly be the reason that there is constantly such a large ask at such a low pps?
Not sure why that sort of boxing activity was chosen for this stock here. Let's just hope it doesn't end up destroying another company.
I would agree. The average retail shorter is mostly a non-entity. Those that can and do, are those that can manipulate, i.e., have the financial means to do so.
It easier for someone with means to drive the price down down here, where there is zero institutional support. I'm sure most of the real money made down here is on the short side for the big players. Hire a few to talk the stock down, or keep new retail money away, always have large asks, and you can drop most stocks down here without that much effort.
Once in a while, along comes a stock like NTEK, which does not allow that scenario to come to fruition, and shorts find easier targets.
Sometimes, whether long or short, you just have to cut your losses and go have a drink. Or try and make your money back somewhere else, in something else.
Are there folks here that go both ways, long, sell, and then short, in the same stock? Or, are those here mostly comfortable going only one way, all short, all the time, or all long all the time?
Personally, I can't do short. I'd rather just find a stock to go long in. That's just me. I found two, and am long in both for a good while. Flippers don't interest me either, I can swim without them.
Sorry for the duplicated post.
There's got to be major short trying to cover. There wouldn't be such a large ask at such a low price otherwise.
The questions becomes, how many shares are needed and what pps is being sought?
Storms aren't generally viewed in a positive way.
I would hope that even if this opens at .1707, that that .0005 increase would not be considered worthy of a gap that needs to be filled.
Time will tell but I have mentioned this to a few people as I think this move is meaningful .
I will drink a glass of red wine to your post and say, good night. What you posted is the reason this is why I am here, along with plenty others, I'm sure.
These flipping channels will increase until they get to a pps that us too high and then those flippers will leave for another flipping stock.
This stock will out grow that activity in due time. Investors will take hold at some point.
This is one of two stocks I'm holding through all the turbulence.
JB can join us in the peanut gallery, waiting for the curtain to rise. Only, he's suppose to me the "OZ" behind the curtain. Anyone feel like Dorothy, or one of the other cast of characters?